Anyone else get spooked when founders (and CEO) sell down?

After recently being released from voluntary escrow, CEO Dean Mintz has offloaded 35M shares or a touch over 9% of the issued capital.

He retains over half the shares on issue, so maybe this matters little, and I’m not a holder so I am sitting on the fence here. Part of the explanation was it increases the tickers liquidity.

Strangely Mintz has undertaken not to sell down further before release of the FY22 results. Not that he probably needs the funds as this sale put just over $47M in his back pocket.